VGSH · VANGUARD SHORT-TERM TREASURY INDEX FUND · Holdings ETF

$57.71 +0.08 (+0.14%)

Volume · Oct 21 4.49M Avg daily vol (3M) 5.31M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 306

Total Value: $2,067,469,628

Total Shares: 35,918,516

Showing 1–100 of 306 holdings by value · page 1 of 4

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 306 13F filers · Δ vs Jun 30, 2026

Top Holder

10.3%

−3.9 pts

Top 5

24.6%

−7.9 pts

Top 10

36.8%

−5.2 pts

HHI

240

Broadly held−111

Who Holds VGSH

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 1,099 filers, like-for-like change -0.5%; actively managed books +2.3%; index-like books -16.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	38.6%	749	+3.2%	82	50
Exempt adviser	0.0%	1	new	1	0
Adviser	2.5%	12	-1.8%	0	1
Bank	28.4%	33	-6.2%	2	3
Broker-dealer	1.2%	1	-8.4%	0	0
Benefit plan	0.0%	1	-1.9%	0	0
Non-US	0.0%	2	-18.9%	0	1
Holding company	10.5%	7	-9.4%	0	0
Insurer	0.0%	0	—	0	0
Unknown	18.9%	293	+8.2%	19	14

Style	Share	Filers	Change	New	Exited
Index-like	12.5%	6	-16.4%	0	2
Systematic-like	0.0%	5	-53.6%	3	2
Concentrated	27.9%	496	0.0%	50	29
Diversified active	59.5%	592	+3.5%	51	34
Not measured	0.0%	0	-100.0%	0	1
Unknown	0.0%	0	-100.0%	0	1

Turnover	Share	Filers	Change	New	Exited
Low turnover	90.5%	797	-1.2%	64	35
Medium turnover	7.2%	160	+6.2%	23	18
High turnover	0.5%	19	+28.8%	6	5
Unknown	1.8%	123	+1.5%	11	10
Not measured	0.0%	0	-100.0%	0	1

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.2%	122	+12.8%	19	12
Medium horizon	9.0%	264	+13.0%	37	13
Long horizon	87.9%	686	-1.8%	43	39
Unknown	0.8%	27	-16.5%	5	4
Not measured	0.0%	0	-100.0%	0	1

13F book size	Share	Filers	Change	New	Exited
Under $1B	17.1%	603	+11.1%	64	38
$1B to $10B	23.6%	363	-5.7%	32	21
$10B to $100B	14.6%	97	-1.8%	7	5
$100B or more	44.7%	36	-1.1%	1	4
Not measured	0.0%	0	-100.0%	0	1

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	31.4%	652	-2.4%	72	42
Pooled investment vehicles	0.8%	10	-19.7%	2	2
Registered funds and BDCs	0.9%	14	-25.4%	1	3
Pension and profit sharing plans	1.1%	9	+3.7%	1	0
Insurance companies	0.0%	2	-0.4%	0	0
Charitable organizations	0.2%	7	-7.2%	0	1
Governments and sovereign funds	0.0%	3	-2.2%	0	0
Banks and thrifts	0.2%	2	-5.5%	0	0
Corporations	0.0%	3	-5.7%	0	1
Other investment advisers	0.3%	10	+5.3%	0	0
Other	0.1%	5	-70.5%	1	0
Diversified	3.5%	30	+251.2%	5	0
Unknown	61.5%	352	-2.7%	22	20

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.9%	31	-8.6%	4	5
Private equity funds	1.1%	27	-6.9%	4	5
Venture capital funds	0.0%	2	-1.4%	0	0
Real estate funds	1.1%	13	+3.2%	1	0
Securitized asset funds	0.3%	2	-3.4%	0	0
Other private funds	6.9%	31	+5.1%	4	1
Mixed private funds	2.7%	5	+24338.7%	1	0
Private funds, type not stated	0.5%	6	-30.0%	0	1
No private funds	24.9%	632	-5.5%	69	38
Unknown	61.5%	350	-2.7%	21	19

Location	Share	Filers	Change	New	Exited
United States	95.1%	1,063	-1.0%	100	69
Outside the US	4.9%	36	+11.5%	4	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 16 holders with no observed 2026-03-31 13F and 18 holders with no observed 2026-06-30 13F. Compared across CIK changes: 4 filers continue as Evelyn Partners Group Ltd.

Conviction and Crowding

1,099 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

405

36.9% of filers hold it in their top 10

Mar 31, 2026: 430

Holders above 5%

median weight 0.135%

Mar 31, 2026: 84

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

41.8%

of 13F shares, Herfindahl 0.035

Active holders

+2.3%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 19.3 quarters

Under 1 year 7.78% 1 to 3 years 15.1% 3 years or more 77.1% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $1,078,106 (0 buying, 1 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$58.46

estimated per share

Mar 31, 2026: $58.50

Quarter-end price

$57.95

implied by 13F values

Estimated gain or loss

-0.9%

price against the estimated cost

Estimated at a loss

83.5%

of costed 13F value

Estimated cost covers 29.5% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of VGSH by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	638,980	5
Active funds	46,575	2
Unclassified	227,271	2
All registered funds	912,826	9

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

146

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -798

Institutional value: -89.3%

Shares held: -89.2%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid Arlington Trust Co LLC	+382,123	3,703,785
Mid NBT BANK N A /NY	+342,316	345,733
Large ASSETMARK, INC	+327,854	1,054,665
Micro Arlington Partners LLC	+277,666	503,237
Mid Beacon Capital Management, Inc.	+230,460	530,866

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Strata Wealth Advisors, LLC	−848,012	17,050
Small Cornerstone Wealth Advisors, Inc.	−474,803	611,855
Mid AXXCESS WEALTH MANAGEMENT, LLC	−234,322	26,725
Small Cypress Capital, LLC	−195,857	20,397
Small Grove Bank & Trust	−133,241	453,648

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Stanich Group LLC	200,884	$11,562,883
Small Meredith Wealth Planning	193,683	$11,148,393
Small Apex Wealth Management, LLC	135,968	$7,826,318
Small Thayer Financial, L.L.C.	92,071	$5,299,606
Small Pinnacle Wealth Management Group, Inc.	89,711	$5,163,765

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small ELEMENT POINTE ADVISORS, LLC	326,174	$18,983,326
Small ORSER CAPITAL MANAGEMENT, LLC	275,435	$16,030,317
Small Heck Capital Advisors, LLC	48,947	$2,848,715
Small Congress Park Capital LLC	12,000	$698,400
Small ATTICUS WEALTH MANAGEMENT, LLC	7,492	$436,034

Filter: New 34 Increased 146 Reduced 93 Sold out 17 Unchanged 32

Holder type: Registered adviser 216 Adviser 1 Bank 2 Unknown 87

Showing 100 of 306

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Arlington Trust Co LLC VGSH

$213,189,864

10.31%

3,703,785

Blue Trust, Inc. VGSH

$87,334,405

4.22%

1,517,276

Oak Harvest Investment Services VGSH

$77,883,975

3.77%

1,353,092

Chemistry Wealth Management LLC VGSH

$65,880,182

3.19%

1,144,548

Warwick Investment Management, Inc. VGSH

$64,687,021

3.13%

1,123,819

ASSETMARK, INC VGSH

$60,706,517

2.94%

1,054,665

Foster Group, Inc. VGSH

$56,032,300

2.71%

973,459

Pacific Sage Partners, LLC VGSH

$49,498,779

2.39%

859,951

Klaas Financial Asset Advisors, LLC VGSH

$47,821,481

2.31%

830,811

Retirement Planning Group, LLC VGSH

$37,531,192

1.82%

652,036

1834 INVESTMENT ADVISORS CO VGSH

$35,634,820

1.72%

619,090

Cornerstone Wealth Advisors, Inc. VGSH

$35,218,373

1.70%

611,855

OLD NATIONAL BANCORP /IN/ VGSH

$34,128,129

1.65%

592,914

Level Financial Advisors VGSH

$32,967,087

1.59%

572,743

SHAH CAPITAL MANAGEMENT VGSH

$32,321,724

1.56%

561,531

QUATTRO FINANCIAL ADVISORS LLC VGSH

$31,497,119

1.52%

547,205

Beacon Capital Management, Inc. VGSH

$30,556,646

1.48%

530,866

Farther Finance Advisors, LLC VGSH

$29,383,631

1.42%

510,487

MassMutual Private Wealth & Trust, FSB VGSH

$29,276,627

1.42%

508,628

Arlington Partners LLC VGSH

$28,966,321

1.40%

503,237

Carnegie Investment Counsel VGSH

$28,940,592

1.40%

502,790

Apella Capital, LLC VGSH

$27,211,605

1.32%

472,752

Grove Bank & Trust VGSH

$26,111,978

1.26%

453,648

Vertex Investment Solutions Co., Ltd. VGSH

$24,042,812

1.16%

417,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Daiichi Life Group, Inc.	417,700	$24,042,812	100.0%	Defined

Compass Planning Associates Inc VGSH

$21,213,450

1.03%

368,545

Human Investing LLC VGSH

$20,889,962

1.01%

362,925

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Betterment LLC	32,501	$1,870,757	9.0%	Defined
Held directly	330,424	$19,019,205	91.0%	Sole

Charles Schwab Trust Co VGSH

$20,216,568

0.98%

351,226

PATRIOT INVESTMENT MANAGEMENT GROUP, INC. VGSH

$20,179,269

0.98%

350,578

NBT BANK N A /NY VGSH

$19,900,391

0.96%

345,733

BluePrint Investing LLC VGSH

$18,960,609

0.92%

329,406

E&R Wealth Management, LLC VGSH

$18,555,789

0.90%

322,373

Kings Path Partners LLC VGSH

$17,785,924

0.86%

308,998

VOISARD ASSET MANAGEMENT GROUP, INC. VGSH

$16,995,510

0.82%

295,266

Kure Advisory, LLC VGSH

$16,840,329

0.81%

292,570

Whitcomb & Hess, Inc. VGSH

$16,187,713

0.78%

281,232

Discipline Wealth Solutions, LLC VGSH

$16,180,461

0.78%

281,106

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC VGSH

$16,112,252

0.78%

279,921

Dynamic Wealth Strategies, LLC VGSH

$15,044,860

0.73%

261,377

Montecito Bank & Trust VGSH

$14,584,207

0.71%

253,374

Acropolis Investment Management, LLC VGSH

$14,307,977

0.69%

248,575

QUADRANT CAPITAL GROUP LLC VGSH

$14,041,934

0.68%

243,953

Drum Hill Capital, LLC VGSH

$13,904,884

0.67%

241,572

ARK & TLK INVESTMENTS, LLC VGSH

$13,516,584

0.65%

234,826

GEN Financial Management, INC. VGSH

$13,479,400

0.65%

234,180

GUARDSMAN PRIVATE CAPITAL MANAGEMENT, INC. VGSH

$13,424,661

0.65%

233,229

TRUST CO OF VERMONT VGSH

$11,971,097

0.58%

207,976

RETIREMENT FINANCIAL SOLUTIONS, LLC VGSH

$11,572,840

0.56%

201,057

Stanich Group LLC VGSH

$11,562,883

0.56%

200,884

Meredith Wealth Planning VGSH

$11,148,393

0.54%

193,683

Kathmere Capital Management, LLC VGSH

$10,088,944

0.49%

175,277

Beacon Financial Strategies CORP VGSH

$8,869,996

0.43%

154,100

Integrated Advisors Network LLC VGSH

$8,800,866

0.43%

152,899

Guardian Wealth Management, LLC VGSH

$8,669,169

0.42%

150,611

Biltmore Wealth Management, LLC VGSH

$8,620,588

0.42%

149,767

Signal Advisors Wealth, LLC VGSH

$8,524,578

0.41%

148,099

Aventus Investment Advisors, Inc. VGSH

$8,491,366

0.41%

147,522

Compton Wealth Advisory Group, LLC VGSH

$8,347,984

0.40%

145,031

Cravens & Co Advisors, LLC VGSH

$8,272,983

0.40%

143,728

Global Trust Asset Management, LLC VGSH

$8,034,109

0.39%

139,578

Apex Wealth Management, LLC VGSH

$7,826,318

0.38%

135,968

Marotta Asset Management VGSH

$7,689,267

0.37%

133,587

Net Worth Advisory Group VGSH

$7,661,696

0.37%

133,108

TD Waterhouse Canada Inc. VGSH

$7,661,120

0.37%

133,098

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	133,098	$7,661,120	100.0%	Defined

Calder Financial LLC VGSH

$7,596,999

0.37%

131,984

OAK FAMILY ADVISORS, LLC VGSH

$7,106,127

0.34%

123,456

David Kennon Inc VGSH

$7,019,729

0.34%

121,955

Bull Street Advisors, LLC VGSH

$6,857,525

0.33%

119,137

Hassell Wealth Management, LLC VGSH

$6,729,915

0.33%

116,920

Echo45 Advisors LLC VGSH

$6,682,946

0.32%

116,104

PW Nova Financial Services LLC VGSH

$6,435,726

0.31%

111,809

XY Planning Network, Inc. VGSH

$6,180,274

0.30%

107,371

CULBERTSON A N & CO INC VGSH

$5,906,749

0.29%

102,619

THOMAS STORY & SON LLC VGSH

$5,821,100

0.28%

101,131

Alhambra Investment Management LLC VGSH

$5,556,151

0.27%

96,528

Avior Wealth Management, LLC VGSH

$5,536,753

0.27%

96,191

Safir Wealth Advisors, LLC VGSH

$5,415,302

0.26%

94,081

Elmwood Wealth Management, Inc. VGSH

$5,363,268

0.26%

93,177

Thayer Financial, L.L.C. VGSH

$5,299,606

0.26%

92,071

CWS Financial Advisors, LLC VGSH

$5,197,322

0.25%

90,294

Pinnacle Wealth Management Group, Inc. VGSH

$5,163,765

0.25%

89,711

ARVEST INVESTMENTS, INC. VGSH

$5,155,994

0.25%

89,576

Climber Capital SA VGSH

$5,154,900

0.25%

89,557

Dynamic Advisor Solutions LLC VGSH

$4,946,936

0.24%

85,944

Wealthcare Advisory Partners LLC VGSH

$4,846,091

0.23%

84,192

Essential Partners LLC VGSH

$4,820,362

0.23%

83,745

Brindle & Bay Financial Advisors, LLC VGSH

$4,696,090

0.23%

81,586

Cordatus Wealth Management LLC VGSH

$4,688,837

0.23%

81,460

MATHER GROUP, LLC. VGSH

$4,669,209

0.23%

81,119

White Lighthouse Investment Management Inc. VGSH

$4,580,970

0.22%

79,586

Robertson Stephens Wealth Management, LLC VGSH

$4,559,385

0.22%

79,211

BURNEY CO/ VGSH

$4,534,404

0.22%

78,777

Capital Investment Counsel, LLC VGSH

$4,157,443

0.20%

72,228

May Barnhard Investments LLC VGSH

$3,919,605

0.19%

68,096

North Capital, Inc. VGSH

$3,880,983

0.19%

67,425

CWC Advisors, LLC. VGSH

$3,874,939

0.19%

67,320

4WEALTH ADVISORS, INC. VGSH

$3,632,093

0.18%

63,101

Pacific Park Financial, Inc. VGSH

$3,385,391

0.16%

58,815

Miller Financial Services LLC VGSH

$3,376,296

0.16%

58,657

First Pacific Financial VGSH

$3,337,616

0.16%

57,985

BDFS Capital LLC VGSH

$3,307,340

0.16%

57,459

Showing the top 100 of 306 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.